Value Mapping
(Jack)

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Second Generation Performance Management. Explanation of Value Mapping of Andrew. (2001)

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  1. Summary
  2. Forum
  3. Best Practices
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Value Mapping - Performance ManagementThe Value Mapping method by Andrew Jack is a second generation Performance Management model, trying to avoid some of the weaknesses of existing frameworks.


 

Performance Management

As a result of the performance measurement revolution many organizations have numerous measures of performance. However often with significant weaknesses in the way that these measures are identified, integrated, communicated and acted upon.


First generation performance measurement frameworks have partly contributed to this as none of the approaches addresses the full range of criteria important for performance measurement success. Users of these frameworks often have become bound to their model, and they have lost sight of the measures that are most important for the organization and the associated stakeholders.


 

Value Mapping

Formulated in the language of value and using visual pictorial maps to integrate and represent the most useful performance measures, Value Mapping can help management and employees to reconnect with performance measures and performance management.


Value Mapping identifies the most important stakeholder needs, and uses these to measures value outcomes as well as to develop an integrated strategy. Also the Value Mapping approach places great emphasis on the effective communication of the activities and assets that create value, the value drivers, and the measures of their performance.


There is a great need in organizations, public and private, to report more effectively on the creation of value for their stakeholders. Value Mapping is an approach that can help to structure the reporting of value. For all people concerned in the success of the organization.


Value Mapping Forum
  R&D Value Mapping (RVM)
Another form of value mapping can be found in the field of Research and Development.
In the field of R&D, many research evaluation techniques have been developed to analyze the impact of R&D on society and the economy. One of the most important ...
     
 
  Updating Value Map is Necessary
This model is great at identifying areas that a company finds important at the time of setting it up, however many companies forget to treat this type of map as a living document.
Thus it begins to lose value as the organization changes, grows, ...
     
 
  Exemple of Value Mapping
Could someone share an example of applying this tool? Very grateful....
     
 

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Advantages of Value Maps

Some advantages of Value Maps:
- Value maps are relatively easy to use and inexpensive to employ.
- They provide a strategic overvie...
Usage (application): Performance Management
 
 

Resources - Value Mapping Premium
 

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Compare with Value Mapping: Performance Management  |  Value Based Management  |  EFQM  |  Balanced Scorecard  |  EVA  |  Performance Prism


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